Which of the following statements about contract law is TRUE?
A) Anyone can make a contract.
B) A person can make a contract to do anything.
C) Every agreement is a contract.
D) Standard form contracts are regularly used by businesses and consumers.
E) All of the above.
D
Business
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Current liabilities are short-term obligations that will be paid within the current operating cycle of the business or within one year of the balance sheet date, whichever is longer.
a. true b. false
Business
A detailed set of rules adopted by the board of directors after a corporation is incorporated that contains provisions for managing a corporation are referred to as ________
A) ultra vires rules B) articles of incorporation C) bylaws D) corporation codes
Business